It goes without saying that the Covid-19 pandemic and recent global events have caused unexpected disruptions to the manufacturing industry. While some manufacturers are temporarily closing their factories due to government restrictions or falling demand, others are facing significant increases in d...

LOCAL precision plastic parts maker Sunningdale Tech, which was privatised last April, is forging ahead with expansion, as chief executive officer Khoo Boo Hor tells The Business Times he is banking big on the manufacturing sector.

When the pandemic broke out last year, supply chains, already stretched by superpower trade tensions, took a beating as borders closed just as demand for food, medical supplies and online purchases surged. Twenty months on, what lessons have the world learnt? How have companies adapted to the change...

With more companies managing their business based on envi­ronmental, social and govern­ance (ESG) principles, one might think that clean energy produc­ers and tech firms will be on the cutting edge, coming up with innovations to help compa­nies achieve their ESG goals. IT equipment reseller Proc...

The development of precision parts mak­er Sunningdale Tech over the years, in a sense, is a microcosm of the ebb and flow of how manufacturers seize opportunities and how they deal with the challenges of this intricately woven glob­al ecosystem. While this company may not be the biggest name in th...

In the past almost one year, Sabana Shariah Compliant Industrial REIT has received outsized attention despite its relatively modest size. This is partly due the completion of NTP+, a new mall that will raise rental revenue; and partly due to the barrage of open letters from Quarz Capital which raile...

Better known for turning AEM around, Loke Wai San is doubling down on the tech manufacturing sector, which he believes is enjoying a renaissance amid the pandemic and trade war. As an industry insider, Loke Wai San, who heads investment firm Novo Tellus Capital Partners, is close to the pulse of the...

Loke Wai San, co-founder and managing partner of investment firm Novo Tellus Capital Partners and non-executive chairman of AEM Holdings, has been in the news for acquiring a slew of tech manufacturers. The Edge Singapore takes a look at how the markets have reacted after Loke invested a total of at...

Sunningdale Tech has, for the FY2020 ended December, posted earnings of $31.5 million, almost four times higher than earnings of $8.0 million for the FY2019. Earnings for the 2HFY2020, similarly, spiked 180.6% to $23.2 million from the 2HFY2019’s earnings of $8.3 million. 2HFY2020 revenue increase...

Activist investor Quarz Capital Asia has sold more than half its share holdings in Sunningdale Tech as the company nears privatisation by its chairman Koh Boon Hwee and Novo Tellus chairman Loke Wai San.  The fund sold over 7.4 million shares in the company on Feb 23 at $1.64 per share, leaving...

Sunningdale chairman Koh Boon Hwee has successfully obtained shareholders’ approval to proceed with the privatisation of the company via offeror Sunrise Technology.  Sunrise is owned by Koh and Novo Tellus chairman Loke Wai San, who is also a non-independent director on Sunningdale’s board....

SOME 51.2 per cent of Sunningdale Tech scheme shareholders present at Friday's scheme meeting voted yes to take the mainboard-listed company private. This is just slightly over the 50 per cent threshold required for the scheme to pass.

Quarz Capital Asia announced that it has sold yet another 60,000 shares at $1.63 per share, reducing its stake from 15,211,700 shares to 15,151,700, or 7.866%, according to a Feb 19 filing. Following Sunningdale’s request for a trading halt before market open on the same day, the activist investor...

THE following companies saw new developments that may affect trading of their shares on Wednesday:

ACTIVIST investor Quarz Capital Management has reduced its stake in Sunningdale Tech just about a week before the scheduled extraordinary general meeting (EGM) convened for investors to vote on the private equity buyout of the precision plastic components maker.